News
Philippines
July 26, 2024
Philippines to host LDF to amplify voices of climate-vulnerable nations
"The Philippines were ready to serve as the voice of the most vulnerable countries in the region and the world," Philippine Environment Secretary Toni Yulo-Loyzaga said on behalf of the president at the United Nations Framework Convention on Climate Chang
June 26, 2024
Philippines overtakes Vietnam, Indonesia in renewable energy investments: Progress at a glance
The Philippines government has clear policies for attracting investment in renewable energy, with a current prospective utility scale of 99 GW in wind and solar projects. However, the Philippines will need to overcome a series of challenges in its future
June 25, 2024
Philippines greenlights 16 offshore wind farms, with first GW-scale project by CIP
Philippine approved the construction of 16 offshore wind farms, with an estimated potential capacity of 7,668 MW. The one built in San Miguel Bay with an installed capacity of 1 GW is going to be the first and largest offshore wind farm in the country.
June 13, 2024
Philippines' largest solar irrigation to double harvests, sell excess power to grid
The largest and only solar irrigation system in the Philippines was officially inaugurated on June 10. The local government has applied renewable energy to agricultural projects, reducing the use of fossil fuels and lowering carbon emissions.
June 03, 2024
Philippines sees surge in renewable development with record-breaking IPOs
The renewable energy sector in the Philippines is experiencing a significant boom. Citicore Renewable Energy Corporation is expected to raise 5.3 billion pesos (about 90.4 million USD), potentially marking the largest renewable energy IPO in the country.
May 30, 2024
U.S. establishes Manila as headquarters for Southeast Asia civil nuclear expansion
To improve power infrastructure, the Philippines is incorporating nuclear energy into its energy transition plans and set to become a base for the U.S. Civil Nuclear Work Group in Southeast Asia.
May 10, 2024
SM Supermalls launches its biggest solar panel system in Santa Rosa
The shopping center developer SM Supermalls, a subsidiary of the Philippines' largest retail firm SM Prime, has recently unveiled the company’s largest self-used rooftop solar PV system at SM City in Santa Rosa, Laguna.
May 03, 2024
Philippines sets goals to double solar, quadruple share of wind in power output
Philippines aims to increase solar power share to 5.6% and wind power share to 11.7% in 2030, up from 2.4% and 3.1% respectively in 2024, according to government presentation, potentially leading to one of the cleanest grids in the region.
April 26, 2024
ACEN to invest $15 billion to expand renewable power capacity
ACEN Corp., the energy arm of Philippine conglomerate Ayala Corp., anticipates investing $15 billion to expand its renewable power generation capacity to 20,000 MW by 2030.
April 11, 2024
Philippines aims for 53 GW by 2040 under higher renewable portfolio standard
The Philippines would need 52.83 GW of renewable energy capacity by 2040, following the Department of Energy (DOE)’s increase of the renewable portfolio standard (RPS) to 2.52%.
